Bitcoin Fees Fall to Record Low

The reduction of the commission size is caused by a decrease of spam transactions, mempool decrease, and popularity growth of SegWit transactions
30 January 2018   1483

Over last few days, Bitcoin users faced with a significant reduction in transaction fees along with decreasing of unconfirmed transactions mempool size.

Thus, if at the end of last week to confirm the transaction in the next block it was enough to pay 10-12 satoshi / bytes, by Tuesday morning this figure decreased almost 10 times.

Thus, the average cost of a transaction in a dollar equivalent to date is only $ 0.25 - a really big decline compared to $ 30 - $ 40, which users had to pay back in late December / early January.

In part, these figures are explained by the overall decrease of bitcoin's price, but it is obvious that the commission itself fell noticeably: three or four weeks ago, more than 100 satosh / bytes were required to confirm the transaction quick.

It can also be assumed that the amount of spam transactions on the network has been noticeably reduced.

Also worth paying attention to the mempool: today its size is less than 40Mb, although in mid-January this figure reached 140MB.

Bitcoin Mempoool
Bitcoin Mempoool

The percentage of SegWit-transactions in the bitcoin network, which also help to reduce the commission, on Sunday reached a record of 18.3%. As of Tuesday morning, January 30, its share in the total volume of transactions is estimated at 16%.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   152

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.